China cuts growth target

Tuesday 5 March 2019

As expected, from Xinhua:

China has set its GDP growth target at 6-6.5 percent for 2019, according to a government work report available to news media Tuesday morning ahead of the annual legislative session.

Cut from “around 6.5%” previously. Given growth is currently at 6.4% that is sensible enough:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.